- 新近获得的专有二维地震数据使得在萨斯喀彻温省-蒙大拿州边界的草原项目（Grasslands Project）的布雷肯（
Bracken）矿区划定了一个技术上可靠的天然氢钻探目标。布雷肯矿区将测试第二种圈闭概念，与位于东北方向325公里处的加拿大首个天然氢钻探发现地劳森（Lawson）相比，它具有独特的圈闭和盖层机制
。布雷肯矿区与创世纪（Genesis）矿区走向不同，进一步凸显了萨斯喀彻温省天然氢聚集的规模和可重复性潜力。MAX Power在该省拥有加拿大最大的已获许可的土地，用于开采这种新兴的一次能源
。布雷肯矿区的钻探工作将与劳森矿区向潜在商业化方向推进同步进行。MAX

Power Mining Corp.（简称“MAX Power”） MAX Power公司欣然宣布，在位于长达475公里的Genesis矿带中心地带的Lawson天然氢发现区，公司正在进行分析测试、资源建模和资源估算项目。与此同时，公司已确定萨斯喀彻温省第二个天然氢勘探概念井的可靠目标，计划近期钻探。位于萨斯喀彻温省和蒙大拿州交界处的Bracken井的钻探许可工作正在进行中，预计将于2月份开工。

随着Lawson天然氢发现的确认，MAX Power公司正朝着潜在的商业化方向迈进，同时也在萨斯喀彻温省其他地区测试其他勘探概念。Bracken井的钻探是证明盆地尺度连续性的重要一步，支持了地质团队的解释，即萨斯喀彻温省的天然氢系统具有可重复性和可扩展性，并可跨越多个矿带。

布雷肯井亮点

——布雷肯井的选址是通过整合地球物理和地质工作流程确定的，该流程利用了新近获取的34.3线公里专有二维地震数据以及原有的二维地震数据。——
该数据集经过严格解释，以描绘基底构造、构造和地层通道以及被认为对天然氢和相关清洁气体聚集至关重要的潜在运移走廊。
与东北部的Genesis项目类似，Grasslands项目被认为具有发现多个潜在天然氢矿藏的潜力，这些
矿藏也可能包含氦气。Bracken项目和更广泛的Grasslands项目受益于公司内部的人工智能辅助大型地球模型集成（LEMI）平台MAXX LEMI，该平台是MAX Power公司专有的用于优化天然氢勘探和钻探目标选择的工具，同时也为该平台提供信息支持。MAX

Power首席地球科学家Steve Halabura先生评论道：“鉴于我们从该地区获得的大量数据以及我们从Lawson项目中学到的所有经验，我们对Bracken项目感到非常兴奋。Bracken是MAX Power团队通过历史钻探首次在萨斯喀彻温省地下发现天然氢的地方，而更广泛的区域是已知的氦气富集带。”在布雷肯，我们将测试一种地层圈闭概念，并将其与在劳森和整个创世纪带成功开发的构造圈闭概念进行比较。布雷肯和劳森的天然氢地质模型有一些相似之处，但它们各自拥有独特的圈闭和盖层机制。

MAX Power首席执行官Ran Narayanasamy先生补充道：“在萨斯喀彻温省，我们凭借成熟且有利的政策框架，继续快速推进天然氢的勘探和开发。这也凸显了天然氢的勘探和潜在商业化与传统矿产和金属项目在时间上的显著差异。天然氢的开发只需数月，而非数年。我们的目标是在萨斯喀彻温省快速开发可扩展的低碳能源资源，并在全球范围内推广MAXX LEMI天然氢模式。”

Bracken矿区和Grasslands项目
Bracken矿区是MAX Power已获许可的75公里宽的Grasslands项目的一部分，该项目涵盖了更广泛的区域勘探带。这一新兴矿区具有重要的区域级潜力，Bracken矿区将成为未来钻探位置的关键校准点。在布雷肯（Bracken）的成功将显著降低已在地震勘探和MAXX LEMI框架内确定的其他勘探目标的风险，使MAX Power能够快速推进其在萨斯喀彻温省极具前景的投资组合中不断增长的后续目标。

这对投资者意义
重大：在距离劳森（Lawson）几百公里的省西南角推进第二个独立开发的天然氢勘探概念，进一步表明公司的机会不仅限于单一发现或趋势，而是延伸至一个潜在的非常大的盆地级系统。劳森已验证了MAX Power的天然氢地质模型，该模型包含多个勘探概念，其中第二个概念将在布雷肯进行测试，鉴于最近解释的专有二维地震数据以及在劳森的初步成功，我们有信心对其进行验证。随着劳森商业化工作的推进，布雷肯的钻探为进一步确定萨斯喀彻温省天然氢的规模、潜在经济效益和长期开发前景提供了机会。公司宣布已授予3,415,000份股票期权，行权价格为每股1.08美元，有效期为3年；同时授予2,990,000份限制性股票单位（RSU）

，授予对象为公司管理层、董事及顾问。股票期权和限制性
股票单位将根据管理层确定的归属条款以及公司股票期权和限制性股票单位计划的条款和条件进行归属。MAX

Power公司签署市场营销协议
公司已与Apollo Shareholder Relations Ltd.（以下简称“Apollo”）签订服务协议，由Apollo提供投资者关系及沟通服务。根据协议，Apollo将开展旨在提升公司及其业务认知度和理解度的数字化投资者关系及沟通活动。

协议初始期限为六（6）个月，自2026年1月23日起生效，之后可按月续签。根据协议，公司将在初始期限内向Apollo支付总计45,000美元的现金费用，并授予100,000份股票期权，但须经董事会批准。股票期权的授予将依据公司股票期权计划及适用的证券法律法规。协议不包含任何基于业绩的报酬条款。Apollo与公司均为独立且互不隶属的第三方。在签订协议时，阿波罗及其负责人表示，他们没有直接或间接持有该公司的任何证券权益。

- Newly acquired proprietary 2D seismic data has allowed for delineation of a technically robust Natural Hydrogen drill target at 锟紹racken锟� on the Grasslands Project along the Saskatchewan-Montana border
- Bracken will test a second 锟絧lay concept锟� with its own unique trap and seal mechanisms compared to Lawson, Canada锟絪 first Natural Hydrogen drilling discovery 325 km to the northeast
- Bracken, on a different trend than Genesis, further highlights scale and repeatability potential of Natural Hydrogen accumulations across the province of Saskatchewan where MAX Power owns Canada锟絪 largest permitted land package for this emerging new primary energy source
- Drilling at Bracken will occur in parallel with advancement of Lawson toward potential commerciality

MAX Power Mining Corp. (锟組AX Power锟� or the 锟紺ompany锟�) is pleased to announce that in parallel with the ongoing analytical testing, resource modelling, and resource estimation program at its Lawson Natural Hydrogen Discovery in the heart of the 475-km-long Genesis Trend, the Company has identified a robust target for near-term drilling of a second 锟絧lay concept锟� for Natural Hydrogen in Saskatchewan. Licensing is underway to commence the 锟紹racken锟� well along the Saskatchewan-Montana border in February.

With a Natural Hydrogen discovery now confirmed at Lawson, MAX Power is advancing toward potential commercialization while simultaneously testing additional play concepts across Saskatchewan. The Bracken well represents an important step in demonstrating basin-scale continuity, supporting the geological team锟絪 interpretation that Natural Hydrogen systems in Saskatchewan are repeatable and scalable across multiple trends.

Bracken Highlights

- The Bracken well location was generated through an integrated geophysical and geological workflow leveraging 34.3-line kilometers of newly acquired proprietary 2D seismic data combined with legacy 2D seismic.
- This dataset was rigorously interpreted to delineate basement architecture, structural and stratigraphic pathways, and prospective migration corridors considered critical to Natural Hydrogen and associated clean gas accumulation.
- Like Genesis to the northeast, the Grasslands Project is considered prospective for multiple potential Natural Hydrogen discoveries that may also include helium.
- Bracken and the broader Grasslands Project is benefiting from, and informing, the Company锟絪 in-house AI-assisted Large Earth Model Integration (LEMI) platform known as MAXX LEMI, MAX Power锟絪 proprietary tool to optimize Natural Hydrogen exploration and drill target selection.

Mr. Steve Halabura, MAX Power锟絪 Chief Geoscientist, commented: 锟絎e锟絩e very excited regarding Bracken given the amount of data we have from the area and all that we锟絭e learned from Lawson. Bracken is where the MAX Power team first discovered Natural Hydrogen in the sub-surface in Saskatchewan, through historical drilling, and the broader area is a known helium fairway. At Bracken, we锟絣l be testing a stratigraphic play concept vs. the structural play concept successfully developed at Lawson and across the Genesis Trend. There are some similarities in the Natural Hydrogen geological model between Bracken and Lawson, but each has its own unique trap and seal mechanisms.锟�

Mr. Ran Narayanasamy, MAX Power CEO, added: 锟絎e continue to move at a rapid pace with respect to Natural Hydrogen exploration and development in Saskatchewan where we have the advantage of a mature and favorable policy framework. This also highlights the stark timeline difference between exploration and potential commercialization of Natural Hydrogen vs. traditional mineral and metal projects. This is months to molecules, not years. Our goal is to quickly unlock scalable, low-carbon energy resources in Saskatchewan, and leverage the MAXX LEMI model for Natural Hydrogen on a global basis.锟�

Bracken and the Grasslands Project
The Bracken prospect forms part of a broader, regionally extensive exploration fairway across MAX Power锟絪 75-km-wide permitted Grasslands Project. This emerging play has meaningful district-scale potential, with Bracken serving as a key calibration point for future drilling locations. Success at Bracken would materially de-risk additional prospects already defined within the seismic and MAXX LEMI framework, positioning MAX Power to rapidly advance a growing inventory of follow-up targets across its highly prospective Saskatchewan portfolio.

Why This Matters to Investors
Advancing a second, independently derived Natural Hydrogen play concept a few hundred kilometers from Lawson in the southwest corner of the province reinforces that the Company锟絪 opportunity extends beyond a single discovery or trend and into a potentially very large basin-scale system. Lawson has validated MAX Power锟絪 geological model for Natural Hydrogen, a model that includes multiple play concepts 锟� the second of which will be tested at Bracken with strong confidence given recently interpreted proprietary 2D seismic data combined with initial success at Lawson. As commercialization efforts advance at Lawson, drilling at Bracken provides an opportunity to further define scale, potential economics, and long-term development possibilities for Natural Hydrogen in Saskatchewan.

Options and RSUs Granted
The Company announces that it has granted 3,415,000 stock options at an exercise price of $1.08 with a 3-year expiry, and 2,990,000 restricted stock units (RSUs) to management, directors, and consultants of the company. The stock options and RSUs will vest in accordance with vesting terms to be determined by management and subject to the terms and conditions of the Company's stock option and restricted stock unit plan.

MAX Power Enters into Marketing Agreements
The Company has entered into a service agreement with Apollo Shareholder Relations Ltd. (锟紸pollo锟�) to provide investor awareness and investor communications services. Under the agreement, Apollo will conduct digital investor relations and communications activities intended to increase awareness and understanding of the Company and its business.

The agreement has an initial term of six (6) months, commencing January 23, 2026, and may thereafter continue on a month-to-month basis. Under the agreement, the Company will pay Apollo an aggregate cash fee of $45,000, payable over the initial term, and will grant 100,000 stock options, subject to board approval. The stock options will be issued in accordance with the Company锟絪 stock option plan and applicable securities laws. The agreement contains no performance-based compensation. Apollo and the Company are arm锟絪 length and unaffiliated parties. At the time of the agreement, Apollo and its principals advised that they did not hold any direct or indirect interest in the securities of the Company.